Table of Contents
The Future is Tokenized!
It's about time we talk about tokenization, specifically the tokenization of real-world assets.
This year we have seen massive growth within the tokenization space and according to many of the banking giants, they want to tokenize pretty much everything (on Wall Street) and put it on the blockchain.
What is the Tokenization of Real-World Assets?
If you are not yet familiar with the term, the tokenization of assets refers to the process of converting real-world assets into blockchain-based tokens, and according to Larry Fink, the CEO of Blackrock, "Tokenization will be the next generation for markets".
There are a few reasons why this is so big and why these market giants are moving towards it. Tokenization solves many problems of the current financial system making it faster, cheaper, more efficient, and eliminates the need for many of the intermediaries that exist within the current system.
What can be Tokenized?
Below is an infographic of some of the sectors where the tokenization of assets is already taking place. However, the tokenization of real-world assets isn't limited to this list as pretty much any real-world asset can be tokenized.
It's a Trillion Dollar Industry
Current market research shows that the current market size of tokenized assets is estimated to be about $18B and the banking industry estimates that between 5%-10% of all assets will be tokenized by 2030,
We are just starting to see the tokenization of real-world assets happening. Just last month, HSBC launched a platform to tokenize London's Gold Market.
It's estimated that real-world asset tokenization will become a trillion dollar opportunity and to take advantage of this opportunity, you need to be in crypto.
If the tokenization of real-world assets is a new concept for you, I hope this has helped to introduce you to this concept.
If you are already familiar with the concept, we hope to cover this in more depth in future reports as well as identify the potential investment opportunities these and other emerging trends are creating within the cryptocurrency space.
December Altcoin Pick
If you missed our Altcoin Pick for December, it's already up 28% in the last 24 hours. Consider becoming a member to learn more about this and our future Altcoin Picks.
Join Us - As We Accumulate
Now is still an excellent time to get into the market while prices are still relatively low. If you want to know what we are buying, you are more than welcome to join us as we share our monthly Altcoin picks in anticipation of the upcoming bull run - You just need to become a member.
Richard.
Top 100 Trending Altcoins:
The crypto market is full of green again this week.
Today's Crypto Fear & Greed Index:
Today's Crypto Fear and Greed Index = Greed –> Decreased to 71 (from 73 last week).
Bitcoin & Ethereum Price Movement
Bitcoin has increased 2.87% in the last week, currently trading at $38,740. In the previous 90 days, Bitcoin has increased by 49.74%.
Ethereum has increased 0.63% in the last week, currently trading at $2,086. In the previous 90 days, Ethereum has increased by 27.4%.
Global cryptocurrency market capitalization has increased to $1.45T (from $1.43T last week).
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
TerraClassicUSD (USTC) +294% - Ranked #96
TerraClassicUSD (USTC), originally known as TerraUSD (UST), was an algorithmic stablecoin designed to maintain a stable value, typically pegged to the US dollar. Unlike traditional stablecoins backed by fiat currency reserves, TerraUSD used a mechanism involving the minting and burning of its sister cryptocurrency, Luna, to stabilize its value.
However, in May 2022, TerraUSD experienced a catastrophic de-pegging event, losing its dollar peg and leading to significant market losses. This event resulted in the creation of a new Terra blockchain and the rebranding of the original TerraUSD to TerraClassicUSD (USTC) on the Terra Classic blockchain.
Post-collapse, USTC no longer functions as a stablecoin and is subject to market fluctuations, and it's viewed with caution due to its history and risks associated with algorithmic
Terra Classic (LUNC) +86.2% - Ranked #86
Terra Classic (LUNC) is a cryptocurrency originally part of the Terra blockchain ecosystem, previously known as Terra (LUNA). It served multiple roles, including staking, governance, and maintaining the stability of TerraUSD (UST), an algorithmic stablecoin. The stability mechanism involved swapping TerraUSD for LUNA to regulate its supply and maintain its peg to the US dollar.
However, in May 2022, the Terra ecosystem collapsed when TerraUSD lost its dollar peg, leading to a drastic devaluation of LUNA. In response, the Terra community created a new blockchain with a new version of LUNA, renaming the original blockchain to Terra Classic and its native token to Terra Classic (LUNC).
Post-collapse, LUNC exists on the Terra Classic blockchain, detached from its original purposes and subject to market conditions. This dramatic shift highlights the risks and complexities within the cryptocurrency market, particularly for algorithmic stablecoins.
IOTA (IOTA) +30.7% - Ranked #71
IOTA is a cryptocurrency that differs significantly from traditional blockchain-based cryptocurrencies due to its unique underlying technology and focus on the Internet of Things (IoT), offering scalable, efficient, and secure transactions without the need for transaction fees, all while being energy-efficient and quantum-resistant. IOTA is also considered to be one of the few ISO 20022 compliant cryptocurrencies.
Beam (BEAM) +30.8% - Ranked #99
Beam is a privacy-focused cryptocurrency based on the Mimblewimble protocol, launched in 2019. It offers enhanced privacy and scalability by encrypting transaction details, such as amounts and participant identities, and by pruning unnecessary data from its blockchain. This results in a more compact and efficient ledger.
Beam's transactions are private by default, and it does not store address information on the blockchain, significantly enhancing user privacy. The cryptocurrency has a deflationary emission schedule, similar to Bitcoin, with block rewards halving approximately every four years.
Biggest Micro-Cap Gainers in the last 30 days
We review and analyze small and micro market cap cryptos every week looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:
Best Performing Quality Micro Caps (Last 30 days):
- RSC +1,564% - DeSci - Research Papers (Micro-Cap)
- NOISEGPT +1,412% - Decentralized AI (Micro-Cap)
- HUSKY +1,350% - Dog NFT on Avalanche (Nano-Cap)
- XPB +1,147% - Layer 1 for Mining (Nano-Cap)
- D3D +1,051% - Decentralized Social Earning (Nano-Cap)
- 3ULL +729% - Gaming Ecosystem (Micro-Cap)
Monthly Altcoin Pick:
We just released our latest Altcoin Pick for December - And it's already up 28% in the last 24 hours!
If you would like access to this and future monthly Altcoin picks, consider becoming a member - It's only the price of a couple of cups of coffee a month.
Altcoin picks are emailed to members as soon as they are published. If you are wondering how we choose our monthly Altcoin Picks - this is the methodology we use.
Our Altcoin Picks for the prior months can be found here.
Thanks and appreciation to all our members!
Until the next report,
Richard.
){kind=link}